Lyft added $122M to the DMV economy in 2018, report says - Technical.ly DC

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Jan. 25, 2019 10:57 am

Lyft added $122M to the DMV economy in 2018, report says

Here's some data on how the San Francisco-based ridesharing company's riders and drivers contributed to the local economy last year.

A shared Lyft ride.

(Courtesy photo)

Lyft reported that its ridesharing services helped add $122 million to the DMV economy in 2018 in its annual Economic Impact Report. A full look at the data that the ridesharing company is releasing for the District can be found here.

In the past year, Lyft has launched various initiatives specifically in the District including a partnership with WMATA, expanding e-scooters to Arlington, unveiling Lyft Bikes, a partnership with Martha’s Table for the Grocery Access Program, and more. The ridesharing company also reported $37 million in economic impact in Baltimore in 2018, our sister site Technical.ly Baltimore reported.

“Every day, people are using Lyft in D.C. as a way to connect with their community, support local businesses, and commute more efficiently. This is having a dramatic and real impact on our city by enabling riders to move around seamlessly and drivers to earn on their own time,” Steve Taylor, Lyft’s regional general manager, said in a statement. “As Lyft works to better knit together North American cities, including through bikes and scooters, we hope to continue to find new ways to invest in the local D.C. economy.”

The ridesharing company’s report also detailed the following stats on its drivers and riders in the DMV:

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Companies: Lyft
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